up and away it is going to go.buyers out number seller 2 to 1. 14%net profit is good but will get better.face it oil is here to stay and if you can fine it they will ship it.$25 in8 to 14 months max.jmcsic

The offshore oil production will grow from 33% of global oil production in 2005 to approximately 37% by 2015, auguring well for the company. Also, Deepwater oil production from offshore production will increase from 12% in 2005 to 25% in 2015, which will increase demand for shuttle tankers and FPSO units compared to pipelines or fixed production platforms providing a bright opportunity for the company.

Teekay Offshore Partners issued and successfully completed an IPO on Dec. 19, 2006 and generated a distributable cash flow of $1.2 million till December 31. Their fourth quarter showed a net loss of $48.2 million compared to net profit in the prior quarter. This was mainly due to foreign currency translation loss of $55.5 million, primarily relating to a Norwegian Kroner-denominated loan. Foreign currency losses are expected to be lower subsequent to the IPO date as Teekay sold loan receivable to OPCO immediately before the IPO.

In the future, Teekay will offer to Teekay Offshore Partners additional limited partner interests in OPCO that Teekay owns. They are also obligated to offer Teekay Offshore certain shuttle tankers, FSO and floating production storage and offtake (FPSO) units. The above provides a great opening for Teekay Offshore in each of its business segments. Looking at the growing trend and opportunities of the company, the stock price will rise in coming future.